RSM Global

PROVIDING YOU WITH INSIGHT INTO DIFFERING RULES AND REGULATIONS

UNDERSTANDING EUROPE

As one of the most diverse regions in the world, Europe offers significant opportunities for business growth and expansion. However, the diversity of the region with varying currencies, regulations and stages of economic growth, can make Europe a very complex place for businesses to thrive.

With over 10,000 staff across the region, RSM assists businesses to anticipate and understand these complexities, in order to succeed in the largest consumer market in the world.

Italy: Company assets revaluation

17 June 2014
Law No. 247/2013 allows Italian companies that prepare their financial statement in accordance with the Italian Standard Accounts to revaluate the assets recorded in the financial statement as of 31 December 2012. The relevant benefits for the companies that adopt the revaluation are:

Europe: OECD BEPS

17 June 2014
The first action of the Base Erosion and Profit Shifting (BEPS) Action Plan consists of addressing the tax challenges of the digital economy. On 24 March 2014, the OECD released a discussion draft on this subject. The discussion draft contains four main issues:

Germany: Transfer Pricing

17 June 2014
European countries are increasingly being confronted with the problem of double taxation of profits resulting from business relations with their associated enterprises based in so-called BRICS countries (Brazil, Russia, India, China, South Africa).

Italy: Compliance

12 June 2014
n 1 January 2014, a new law entered into force providing additional regulations for the offsetting of tax credits relating to income taxes, withholding taxes, substitute taxes and the Regional Tax on Productive Activities (IRAP).

Celebrating success

3 June 2014
The leaders of Europe’s finest businesses gathered in Athens last week for the gala ceremony of the European Business Awards 2013/14, sponsored by RSM International.

EBA celebrates manufacturing in Europe

9 May 2014
This is the first in a series of articles leading up to the European Business Awards Gala Event on 27 May 2014. RSM is the lead sponsor of the European Business Awards, click here for more information on the programme.

RSM welcomes Baker Tilly in the UK

15 April 2014
I was delighted to announce earlier this morning to my RSM colleagues around the world, and to the media, that Baker Tilly, the 7th largest firm in the UK, is joining the RSM network.

Germany: Treaty override provision

1 April 2014
On 11 December 2013, the German Federal Tax Court (FTC) submitted the question to the Federal Constitutional Court (FCC) whether the treaty override provision (article 50d (10) of the Personal Income Tax Act) is unconstitutional.

Europe: Freedom of establishment

1 April 2014
On 27 February 2014, the Advocate General (AG) of the European Court of Justice (ECJ) issued her opinion on the cases C-39/13, C-40/13 and C-41/13. These three cases were directed to the ECJ by the Dutch court in the light of prejudicial questions. 

Europe: EU Savings taxation

1 April 2014
On 10 March 2014, the European Commission issued MEMO/14/172 (Memo) to answer frequently asked questions about the EU Savings Directive and the Savings Taxation Agreements with non-Member States. In this memo, the European Commission underlines the importance of a strong unified approach in tackling tax evasion.

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